Sharjah Islamic Bank: Funding, Investors & Team (Sep 2026)
Established in 1975, Sharjah Islamic Bank (SIB) began offering banking services to individuals and businesses after receiving approval from His Highness Dr. Sheikh Sultan Bin Mohamed Al Qassimi, the Ruler of Sharjah. Originally known as the National Bank of Sharjah, SIB became the first bank to transition to Islamic banking in 2002. This change not only involved offering specialized products and services to customers, but also entailed restructuring the entire organization to comply with Islamic regulations. Presently, SIB provides a wide range of Sharia'a compliant retail, corporate, and investment services through its extensive network in the UAE.
Sharjah Islamic Bank has raised $500M across 1 funding round on record, the most recent an undisclosed round of $500M announced in Feb 2025.
That round is above the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Sharjah Islamic Bank Company Profile and Key Stats
Latest funding round on record: Feb 2025.
Sharjah Islamic Bank Funding Rounds
Sharjah Islamic Bank Founders and Leadership Team
No contact details are on record for this team yet.
Sharjah Islamic Bank Funding Compared to Other Financial Services Startups
Sharjah Islamic Bank's latest round of $500M is above the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Sharjah Islamic Bank Funding FAQs
What does Sharjah Islamic Bank do?
Established in 1975, Sharjah Islamic Bank (SIB) began offering banking services to individuals and businesses after receiving approval from His Highness Dr. Sheikh Sultan Bin Mohamed Al Qassimi, the Ruler of Sharjah. Originally known as the National Bank of Sharjah, SIB became the first bank to transition to Islamic banking in 2002. This change not only involved offering specialized products and services to customers, but also entailed restructuring the entire organization to comply with Islamic regulations. Presently, SIB provides a wide range of Sharia'a compliant retail, corporate, and investment services through its extensive network in the UAE.
How much funding has Sharjah Islamic Bank raised?
Sharjah Islamic Bank has raised $500M across 1 round on record. The most recent is an undisclosed round of $500M announced in Feb 2025.
When did Sharjah Islamic Bank last raise funding?
Sharjah Islamic Bank's most recent funding round on record is an undisclosed round of $500M, announced in Feb 2025.
Who founded Sharjah Islamic Bank?
FundedIQ lists Sheikh Sultan Bin Mohamed Al Qassimi (Founder) at Sharjah Islamic Bank.
Where is Sharjah Islamic Bank headquartered?
Sharjah Islamic Bank is based in Sharjah, United Arab Emirates.
How many employees does Sharjah Islamic Bank have?
Sharjah Islamic Bank is in the 101-250 employee band.
How does Sharjah Islamic Bank's funding compare to other Financial Services startups?
Sharjah Islamic Bank's latest round of $500M is above the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's Sharjah Islamic Bank Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Sharjah Islamic Bank is left off this page rather than filled in.
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